|
Report Date : |
26.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
JOINT-STOCK "CLASSIC" |
|
|
|
|
Registered Office : |
Ul Shvetsova 12
Korp 2 Liter B 198095 G Sankt-Peterburg |
|
|
|
|
Country : |
Russia |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
14.18.2002 |
|
|
|
|
Com. Reg. No.: |
1027804177345 |
|
|
|
|
Legal Form : |
Closed and joint-stock companies (ZAO) |
|
|
|
|
Line of Business : |
·
Packaging activities ·
Wholesale of coffee |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Russia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
russia - ECONOMIC OVERVIEW
Russia has undergone significant changes since the collapse
of the Soviet Union, moving from a globally-isolated, centrally-planned economy
to a more market-based and globally-integrated economy. Economic reforms in the
1990s privatized most industry, with notable exceptions in the energy and
defense-related sectors. The protection of property rights is still weak and
the private sector remains subject to heavy state interference. In 2011, Russia
became the world's leading oil producer, surpassing Saudi Arabia; Russia is the
second-largest producer of natural gas; Russia holds the world's largest
natural gas reserves, the second-largest coal reserves, and the eighth-largest
crude oil reserves. Russia is also a top exporter of metals such as steel and
primary aluminum. Russia's reliance on commodity exports makes it vulnerable to
boom and bust cycles that follow the volatile swings in global prices. The
government since 2007 has embarked on an ambitious program to reduce this
dependency and build up the country's high technology sectors, but with few
visible results so far. The economy had averaged 7% growth in the decade
following the 1998 Russian financial crisis, resulting in a doubling of real
disposable incomes and the emergence of a middle class. The Russian economy,
however, was one of the hardest hit by the 2008-09 global economic crisis as
oil prices plummeted and the foreign credits that Russian banks and firms
relied on dried up. According to the World Bank the government's anti-crisis
package in 2008-09 amounted to roughly 6.7% of GDP. The economic decline
bottomed out in mid-2009 and the economy began to grow again in the third
quarter of 2009. High oil prices buoyed Russian growth in 2011-12 and helped
Russia reduce the budget deficit inherited from 2008-09. Russia has reduced unemployment
to a record low and has lowered inflation below double digit rates. Russia
joined the World Trade Organization in 2012, which will reduce trade barriers
in Russia for foreign goods and services and help open foreign markets to
Russian goods and services. At the same time, Russia has sought to cement
economic ties with countries in the former Soviet space through a Customs Union
with Belarus and Kazakhstan, and, in the next several years, through the
creation of a new Russia-led economic bloc called the Eurasian Economic Union.
Russia has had difficulty attracting foreign direct investment and has
experienced large capital outflows in the past several years, leading to
official programs to improve Russia's international rankings for its investment
climate. Russia's adoption of a new oil-price-based fiscal rule in 2012 and a
more flexible exchange rate policy have improved its ability to deal with
external shocks, including volatile oil prices. Russia's long-term challenges
also include a shrinking workforce, rampant corruption, and underinvestment in
infrastructure.
|
Source
: CIA |
ZAO
"KLASSIK"
UL SHVETSOVA 12
KORP 2 LITER B 198095 G SANKT-PETERBURG Russia
Tel 78127020399
E-Mail classic@groupmk.ru
Web: www.mkchai.ru
Registration: INSPEKTSIYA MNS
ROSSII PO KRASNOGVARDEYSKOMU RAYONU SANKT-PETERBURGA
Statistical Nr. 58903209
Registration Nr. 1027804177345
Tax Nr. 7806129309
Status active
|
Business connection |
Business connection appears permissable. |
|
Terms of payment |
As far as know, punctually. |
Legal form
Closed and joint-stock companies (ZAO)
Founded
14/08/2002 as Closed and joint-stock companies (ZAO)
Registration
14/08/2002, INSPEKTSIYA MNS ROSSII PO KRASNOGVARDEYSKOMU RAYONU SANKT-PETERBURGA, 1027804177345
Statistical Nr.: 58903209
Tax Nr.: 7806129309
|
Valid from |
Short name |
Valid until |
|
|
ZAO "Klassik" |
|
|
Valid from |
Full name |
Valid until |
|
|
ZAO "Klassik" |
|
|
Valid from |
Name in foreign language |
Valid until |
|
|
Joint-Stock "Classic" |
|
|
Crefo Nr. |
Name / Address / Status |
From |
Share |
|
Stockholders |
|||
|
9497336281 |
SHakh KHimanshu Mukundray |
|
0,03 % |
|
9497336280 |
Kompaniya M. K.
SHakh Eksports Ltd. Dvarkanat Road M. K. KHaus 2/2, 700 020
Kolkata India |
|
0,03 % |
Registered capital
Date Currency Value
24/06/2013 RUB 31 000 000
Management
|
Crefo Nr. |
Name / Address / Status |
Since
Power of attorney |
|
Sole Executive Body |
||
|
9513324157 |
Managing director Umesh Narayan Pudzhari |
|
Company addresses
|
Valid from |
Residence address |
Valid until |
|
|
UL SHVETSOVA 12 KORP 2 LITER B, 198095 G SANKT-PETERBURG, Russia |
|
|
Valid from |
Office address |
Valid until |
|
|
ul Bumazhnaya d 18 korpus V V-302, 190020 g Sankt - Peterburg, Russia |
|
|
Valid from |
Permanent address |
Valid until |
|
|
prospekt Stachek
47 korp.2, ofis 240, g Sankt-Peterburg, Russia Tel: 78127020399 E-Mail: classic@groupmk.ru Web: www.mkchai.ru |
|
Subsidiaries
|
Crefo Nr. |
Name / Address / Status |
Valid from |
Share |
|
Owner |
|||
|
9490512978 |
OOO
"KLASSIK" Statistical Nr.:
72610721 ul Kosmonavta V
Komarova d 59 A, 414011 g Astrakhan Russia |
|
99 % |
|
Main activity |
Nace |
|
Packaging activities |
74.82 |
|
Additional activities |
Nace |
Wholesale of
coffee 51.37
Turnover and
Employees
|
Date |
Turnover |
Employees |
|
31/12/2007 |
169 092 000 RUB |
|
31/12/2008
229
498 000 RUB
|
31/12/2009 |
409 450 000 RUB |
|
31/12/2010 |
476 123 000 RUB |
|
31/12/2011 |
420 379 000 RUB |
|
31/12/2012 |
426 462 000 RUB |
Remarks
The main activity of ZAO "Klassik" is production and export of tea from India. The subject is a member of Group of companies MK Group (INdia).
ZAO "Klassik" represents following brands on the Russia market: "Dalavari", "Radzha", "Klassik", "Paliza", "Suprime","Sulaymani". Since 28.07.2010 the register of shareholders of company is held by a private non-state registrar - ZAO "Klassik" itself. Due to this fact information about shareholders of company is closed and is not updated in the state register.
List of shareholders of ZAO "Klassik" provided in this report was formed according to official information from the Federal State Statistics Service.
No affiliation of the company with other entities through the managing director, Umesh Narayan Pudzhari, was revealed. It should be noted, that on 24.06.2013 the share capital of the company was raised from 10 000 RUB to 31 000 000 RUB. The subject participated in court cases as claimant and collected: In 2012: 174106,24 RUB.
No negative information of the company was found in open sources.
Main indices
Payment experience
and credit opinion
|
Terms of payment |
As far as know, punctually. |
Business development
|
Company development |
Constant company development. |
|
Business course |
Satisfactory order situation. |
Events
No negative events registered.
Balance
31.12.2012 The enclosed balance of 2012 is originated from official source, no data available about authentication. 31.12.2011 The enclosed balance of 2011 is originated from official source, no data available about authentication.
|
Name |
Ref. |
31/12/2012 1000 RUB balance |
31/12/2011 1000 RUB balance |
|
1. ASSETS |
|
|
|
|
I. FIXED ASSETS |
|
|
|
|
Intangible assets |
1110 |
769 |
627 |
|
The results of research and development |
1120 |
0 |
0 |
|
Intangible research assets |
1130 |
0 |
0 |
|
Tangible research assets |
1140 |
0 |
0 |
|
Fixed assets |
1150 |
35 829 |
15 173 |
|
Profitable investments in tangible assets |
1160 |
0 |
0 |
|
Financial investments |
1170 |
0 |
0 |
|
Deferred tax assets |
1180 |
575 |
0 |
|
Other non-current assets |
1190 |
37 659 |
37 541 |
|
TOTAL IN SECTION I. |
1100 |
74 832 |
53 341 |
|
II. CURRENT ASSETS |
|
||
|
Inventories |
1210 |
120 952 |
103155 |
|
VAT on acquired assets |
1220 |
61 |
1 046 |
|
Accounts receivable |
1230 |
20 626 |
35 551 |
|
Financial investments (excluding the monetary equivalent) |
1240 |
0 |
0 |
|
Cash and monetary equivalents |
1250 |
13 380 |
6 315 |
|
Other current assets |
1260 |
122 |
66 |
|
TOTAL IN SECTION II. |
1200 |
155 141 |
146133 |
|
BALANCE |
1600 |
229 973 |
199 474 |
|
2. LIABILITIES |
|
|
|
|
III. CAPITAL AND RESERVES |
|
|
|
|
Authorized capital (share capital, charter capital, deposits capital,
partners capital) |
1310 |
10 |
10 |
|
Treasury stock |
1320 |
0 |
0 |
|
Revaluation of fixed assets |
1340 |
0 |
0 |
|
Additional capital (without revaluation) |
1350 |
0 |
0 |
|
Reserve capital |
1360 |
3 |
3 |
|
Retained earnings (uncovered loss) |
1370 |
72 404 |
46 741 |
|
TOTAL IN SECTION III. |
1300 |
72 417 |
46 754 |
|
IV. LONG-TERM LIABILITIES |
|
||
|
Borrowed funds |
1410 |
65 771 |
54 011 |
|
Deferred tax liabilities |
1420 |
11 |
9 |
|
Provisions |
1430 |
0 |
0 |
|
Other liabilities |
1450 |
22 186 |
36 132 |
|
TOTAL IN SECTION IV. |
1400 |
87 968 |
90 152 |
|
V. SHORT-TERM LIABILITIES |
|
||
|
Borrowed funds |
1510 |
0 |
0 |
|
Payables |
1520 |
66 279 |
61 369 |
|
Deferred income |
1530 |
0 |
0 |
|
Provisions |
1540 |
2 844 |
0 |
|
Sonstige Verbindlichkeiten |
1550 |
465 |
1 199 |
|
TOTAL IN SECTION V. |
1500 |
69 588 |
62 568 |
|
BALANCE |
1700 |
229 973 |
199 474 |
Profit and loss accounts
31.12.2012 The enclosed profit and loss account of 2012 is originated from official source, no data available about authentication. 31.12.2011 The enclosed profit and loss account of 2011 is originated from official source, no data available about authentication.
|
Name |
Ref. |
31/12/2012 1000 RUB profit and loss account |
31/12/2011 1000 RUB profit and loss account |
|
Turnover |
2110 |
426 462 |
420 379 |
|
Cost of sales |
2120 |
323 002 |
341 139 |
|
Gross profit (loss) |
2100 |
103 460 |
79 240 |
|
Selling expenses |
2210 |
20 |
85 |
|
Administrative expenses |
2220 |
68 273 |
58 366 |
|
Sales profit (loss) |
2200 |
35 167 |
20 789 |
|
Earnings from other entities |
2310 |
0 |
0 |
|
Interest receivable |
2320 |
42 |
641 |
|
Interest payable |
2330 |
3 315 |
2 403 |
|
Other operating income |
2340 |
41 555 |
33 284 |
|
Other operating expenses |
2350 |
37 872 |
36 612 |
|
Profit (loss) before tax |
2300 |
35 577 |
15 699 |
|
Current profit tax |
2410 |
9 248 |
3 361 |
|
Permanent tax liabilities (assets) |
2421 |
1 559 |
222 |
|
Change in deferred tax liabilities |
2430 |
1 |
2 |
|
Change in deferred tax assets |
2450 |
575 |
1 |
|
Different |
2430 |
1 240 |
12 |
|
Net profit (loss) |
2400 |
25 663 |
12 325 |
|
Results of fixed
assets revaluation, non-includedin net profit/loss for period |
2510 |
0 |
0 |
|
Result of other transactions, non included in net profit/loss for
period |
2520 |
0 |
0 |
|
Total financial result for period |
2500 |
25 663 |
12 325 |
Financial Ratios
|
Name |
Ref. |
31/12/2012 |
31/12/2011 |
|
Quick ratio |
1 |
0,51 |
0,67 |
|
Current ratio |
2 |
2,01 |
1,75 |
|
Average Collection Period |
3 |
24,04 |
15,43 |
|
Payables turnover Period |
4 |
72,12 |
32,83 |
|
Debt ratio |
5 |
0,69 |
0,77 |
|
Equity to total assets ratio |
6 |
0,31 |
0,23 |
|
Funding ratio |
7 |
0,47 |
0,31 |
|
Return on sales |
8 |
6,02 |
2,93 |
|
Return on Assets |
9 |
16,89 |
8,75 |
Return on Equity 10
43,07
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.58 |
|
|
1 |
Rs.101.42 |
|
Euro |
1 |
Rs.84.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.